URG Forecast and Technical Stock AnalysisSell candidate since 2019-07-12
Ur-Energy Inc. (USA) fell by -33.87% in the last day ( Friday, 12th Jul 2019 ) from $0.93 to $0.62 and has now fallen 4 days in a row. During day the stock fluctuated 68.52% from a day low at $0.58 to a day high of $0.97. The price has fallen in 6 of the last 10 days and is down by -32.51% for this period. Volume has increased in the last day by 12.43 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 13.28 million shares bought and sold for approximately $8.17 million.
- 30 day high of the URG stock price was $0.99 and low was $0.58.
- 90 day high was $0.99 and low was $0.58.
- 52 week high for the Ur-Energy Inc. (USA) - $0.99 and low - $0.54.
Ur-Energy Inc. (USA) has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $0.85. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Ur-Energy Inc. (USA) holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.89 and $0.89. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.39 (68.52%) between high and low. For the last week, the stock has had a daily average volatility of 17.63%.
Ur-Energy Inc. (USA) is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
17.63 %Average volatility
Very Low Low Medium High Very High
The Ur-Energy Inc. (USA) stock holds several negative signals and despite the positive trend we believe Ur-Energy Inc. (USA) will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Important: Please note that 78% of user opinions on StockTwits are positive to the stock. The sentiment is based upon 27 votes on StockTwits.
|URG $0.62 ($-0.32 -33.87%)|
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